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Valley-Grove_Pleasant-Grove-Utah
DevelopmentLeasingMixed-useNewsUtah

Three Tenants Sign Leases Totaling 5,221 Square Feet at Valley Grove in Utah

by Hayden Spiess

Pleasant Grove, Utah — Three new tenants have signed leases totaling 5,221 square feet at Valley Grove, a 130-acre mixed-use development currently underway in Pleasant Grove. MilkShake Factory, Shamrock Coffee and Club Pilates are scheduled to open at the property next year. Other retail tenants at the development — which also features office, residential space and hotel space — include AT&T, Café Rio, Da Cloud Boba Shoppe, Jersey Mike’s Subs, Kolache Krave, R&R BBQ, Starbucks Coffee, Slim Chickens, Verizon and Village Baker. Upon full buildout, the project cost is expected to …

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Land-Parcel_Rancho-Cucamonga-Calif
CaliforniaInvestment salesMixed-useNews

Progressive Arranges $3 Million Sale of Mixed-Use Parcel in Southern California

by Hayden Spiess

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the $3 million sale of a 1.7-acre parcel of land located in Rancho Cucamonga. Zoned for mixed-use, the property is situated less than a mile from retail center Victoria Gardens. Chris Lindholm and Paul Galmarini of Progressive represented the seller, a Los Angeles County-based private investor, in the transaction. Nicholas Christen of Province West represented the buyer. 

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Skechers
FloridaLeasingNews

Skechers Opens Two Stores Totaling 22,340 Square Feet in South Florida

by Hayden Spiess

Fort Lauderdale and Pembroke Pines, Fla. — Footwear brand Skechers has opened two new stores in South Florida. In Fort Lauderdale, the retailer now occupies 8,840 square feet within Bal Harbour Square. In Pembroke Pines, Skechers has opened a 13,500-square-foot store situated within West Fork Plaza. Steve Miller of The Rotella Group represented the tenant in the lease negotiations. 

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Harrisburg-Mall
DevelopmentMixed-useNewsPennsylvania

St. John Properties to Redevelop 1 Million-Square-Foot Harrisburg Mall in Pennsylvania 

by Hayden Spiess

Harrisburg, Pa. — St. John Properties Inc. has unveiled plans for the redevelopment of Harrisburg Mall, a 1 million-square-foot regional mall located in the Swatara Township section of Dauphin County. The company plans to build Swatara Exchange, a mixed-use development consisting of multi-use commercial space and supporting inline retail and retail pad sites. The mall will undergo an extended demolition program that is expected to conclude in 2025. The existing Bass Pro Shops and Applebee’s Grill + Bar restaurant will remain operational, and the former Toys ‘R’ Us building will be …

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Company newsIllinoisInvestment salesNews

Northpond Launches $200 Million Investment Partnership Targeting Unanchored Neighborhood Retail Centers

by Hayden Spiess

Chicago — Chicago-based real estate investor and operator Northpond Partners has partnered with a Southeast U.S. pension fund to form Northpond Retail Partners, a $200 million investment vehicle. The fund will target the acquisition of unanchored neighborhood retail centers with an initial focus across the Southeast and select Sunbelt markets. As an all-cash buyer, the partnership will target properties housing convenience, necessity and service-oriented tenants. Categories typically include food and beverage, medical, fitness, and health and beauty. Northpond says the multi-tenant properties ideally contain smaller spaces ranging from 1,000 to 5,000 …

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Hollywood-Casino
DevelopmentEntertainmentIllinoisMixed-useNews

PENN Entertainment Breaks Ground on $185 Million Hollywood Casino Joliet in Illinois

by Hayden Spiess

Joliet, Ill. — PENN Entertainment has broken ground on the $185 million Hollywood Casino Joliet at RockRun Collection in Joliet. The casino will anchor RockRun Collection, a 1 million-square-foot mixed-use development that is under construction. Cullinan Properties is the owner and developer for the 310-acre project. The land-based casino will feature approximately 850 slots and 44 live table games, including a baccarat room, retail sportsbook, bars and restaurants, and an approximately 10,000-square-foot event center with meeting areas. There will also be roughly 1,330 parking spaces. PENN expects to create 450 construction …

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Wawa_Newark-Del
DelawareDevelopmentGrocery-anchoredNews

Reybold Underway on 17.3-Acre Retail Development in Newark, Delaware

by Hayden Spiess

Newark, Del. — Reybold Group is underway on the development of Pencader Corporate Center, a 17.3-acre retail development located in Newark. A 5,500-square-foot Wawa store opened at the property Dec. 15. Upon completion, the development will also feature a 10,000-square-foot childcare center and 12,000-square-foot multi-tenant retail space. 

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Company newsLeasingNew JerseyNews

Container Store Opens 100th Store

by Hayden Spiess

Princeton, N.J. — The Container Store Group has opened a store in Princeton, New Jersey, marking the 100th location for the brand. The store features the retailer’s small-format design, which averages 12,500 square feet and includes a full Custom Spaces Studio. The Container Store is also scheduled to open a store next spring in Gaithersburg, Maryland. 

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Pullman-Market_San-Antonio
DevelopmentNewsRestaurantsTexas

Emmer & Rye to Open 40,000-Square-Foot Culinary Market at The Pearl in San Antonio

by Hayden Spiess

San Antonio — Emmer & Rye Hospitality Group will open a 40,000-square-foot culinary market within the Pearl mixed-use district in San Antonio. Dubbed Pullman Market and scheduled to open in spring 2024, the property will feature four full-service restaurants, as well as fast-casual concepts, an artisan butcher and fishmonger program, beer and wine, local produce and specialties and a seasonal bakery and fresh pasta program. Food-and-beverage concepts within the market will include Fife & Farro, Mezquite, Isidore and Nicosi. 

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CaliforniaInvestment salesNews

Brixton Capital Acquires 178,204-Square-Foot Retail Center in San Jose, California

by Hayden Spiess

San Jose, Calif. — Brixton Capital has acquired Monterey Plaza, a 178,204-square-foot retail center located in San Jose. Tenants at the property, which was 71 percent occupied at the time of sale, include FoodMaxx, City Sports Club, Dollar Tree, McDonald’s and Taco Bell. Brixton plans to re-tenant a space formerly occupied by Walmart and implement renovations including new exteriors and landscaping. A joint venture between Kimco Realty and Prudential Global Investment Management sold the property for an undisclosed price. Nicholas Bicardo of Newmark Group represented the seller in the transaction. Brixton …

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